A Special Place to Live...
• 86 of residents say they have an excellent quality of life
• 14% higher average annual salary on the Isle of Man than the UK
• Safest place to live in the British Isles
The Isle of Man, also known as Mann, is an island and self-governing British Crown Dependency in the Irish Sea between Great Britain and Northern Ireland. The head of state, Queen Elizabeth II, holds the title Lord of Mann and is represented by a Lieutenant Governor. The United Kingdom is responsible for the isle's military defence.
In 1881, the Isle of Man Parliament, Tynwald, became the first national legislative body in the world to give women the right to vote in a general election, although this excluded married women. In 2016, UNESCO awarded the Isle of Man biosphere reserve status.
Insurance and online gambling each generate 17% of the GNP, followed by information and communications technology and banking with 9% each. Internationally, the Isle of Man is known for the TT Motorcycle Races, and the Manx Cat, a breed with short or no tails. The Manx are a Celtic Nation.
The Isle of Man benefits from having the oldest continuous parliament in existence in the world today - Tynwald - and its stable political infrastructure makes it an excellent place to live and work.
The Island offers residents an excellent quality of life. With incredibly low unemployment, a temperate climate, a favourable tax regime, the lowest crime rate in the British Isles and the fact you can get from your front door to the countryside or the coast in a matter of minutes, what’s not to like?
Capital and largest city Douglas
Area Total 572 km2 (221 sq mi)
Population 2016 census 83,314[3] (202nd)
Density 148/km2 (383.3/sq mi) (78th)
GDP (PPP) 2014 estimate Total $7.43 billion (161st)
Per capita $84,600 (9th)
GDP (nominal) estimate Total US$7,492,000,000
Calling code +44
UK postcode IM1 – IM99
ISO 3166 code IM
Internet TLD .im
5 Reasons to Relocate to the Isle of Man
The Isle of Man has so much to offer its residents- from exceptional employment opportunities to a vibrant cultural scene, here we countdown our top 5 reasons to consider a relocation.
1. Great Employment Opportunities
As a leading international business centre renowned for its innovation, the Isle of Man is home to a diversified economy encompassing both traditional sectors and emerging industries; all set against a backdrop of rolling hills and jaw-dropping vistas. Our business, financial, and digital sectors are growing daily and are waiting for you to join them. With hundreds of job opportunities available across a variety of sectors, there is no better time to move to the Isle of Man.
2. Amazing Work-Life Balance
In the Isle of Man, we understand that life is more than boardrooms and conference calls. Our excellence in business stems from a skilled workforce of highly capable and well-rounded individuals who know that life is all about balance. Our days start with a short commute to work, followed by lunch at a local spot enjoying the freshest seafood you can imagine, a 10 minute drive to the beach after work for a wind-surfing or kayak session and end with a glass of wine or a pint with friends at a local pub or wine bar… Sound perfect? Yeah, we think so, too!
The Isle of Man's stunning coast line and beautiful mountains offer the perfect antidote to a hard day's work. The Island is an active place and there are opportunities to indulge almost any interest.
3. Welcoming Locals
The Manx are a people proud of their heritage, yet outward looking and progressive. The people are open, friendly and often found conversing with total strangers. In fact, crime statistics in previous years have revealed the Isle of Man is one of the safest places to live in the British Isles.
4. Superb Manx Produce
With over 40% of the Island uninhabited and 12 nautical miles of surrounding waters we have plenty of space to grow and catch some amazing local produce. The Island is particularly known for cheeses, speciality beers, beef, kippers and queenies. Tight legislation means that many local delicacies are totally devoid of artificial additives, giving a full and fresh taste.
5. Town and Country Living
Work in town, live in the country and have only a 20 minute commute into the Island's business centre. Work life balance on the Island isn't just about opportunities outside of work, it reflects your whole lifestyle down to where you live. For those that prefer country life, but work in the towns, then Douglas is a short commute with all major roads on the Island leading to it. For those that prefer living in town, flats and houses in Peel, Douglas and Ramsey give you great access to shops and restaurants, with all your amenities on your door step.
General Information Isle of Man
Property
Aside from the fact it has some of the most stunning, picturesque scenery in the British Isles, there’s a choice of property to suit all tastes and budgets. Unlike other offshore jurisdictions, there’s no limit on buying or renting property, and mortgage tax relief is available to Manx workers.
From quaint Manx cottages tucked away in the hills or on the coast, elegant townhouses on Victorian town squares, new-builds and purpose-built apartments, rolling countryside mansions and even farms – there’s something for everyone.
Education, sport and other facilities
Investment in the Island’s infrastructure is a key focus for the Government, and this is reflected in its modern facilities. State of the art schools including the recently opened, multi-million pound Bemahague School serving senior pupils in the East, mean children get the best education to set them up for their later years. The Isle of Man College and International Business School offer a wide range of further education opportunities, with a number of courses and degree programmes accredited by UK universities and professional bodies.
The Island has one private junior school, The Buchan, and senior school, King William’s College, both in Castletown close to the airport.
State of the art sports facilities include The Bowl, a 3,000 capacity multi-use stadium, and the National Sports Centre, one of the best-equipped purpose-built sports arenas in the British Isles with a multitude of indoor and outdoor activities on offer during the day and in the evenings. Its 8km outdoor raceway is where Manx Olympic Gold medal-winning cyclist, Peter Kennaugh, and Manx multiple Tour de France stage winner, Mark Cavendish, honed their skills as youngsters!
Manx residents are served by a state of the art, modern hospital set just outside the capital, Douglas, as well as a smaller hospital in Ramsey serving the North.
Shopping and transport links
A mix of High Street, household names and independent Manx retailers, shopping facilities across the Island are excellent. Eat like a King with fresh Manx produce grown on the land or caught fresh from the sea and sold daily in supermarkets or at the regular Farmers' Markets. With so many cultural and heritage attractions on offer, there’s always something to do.
Flights and ferries link the Isle of Man to the UK, Ireland and beyond daily, meaning it’s easy to go and visit family and friends regularly. A comprehensive bus network means it’s easy to get around here.
Work and tax
The Isle of Man is a leading centre for finance, e-business, space commerce, insurance, aviation and shipping. The manufacturing sector is strong, and tourism is a major source of income. In order to protect jobs for Manx residents, the Island operates a work permit system.
Tax is comparatively lower than the UK, with a maximum cap of 20% on personal income over £120,000 per annum. A zero corporation tax policy makes it an excellent place from which to run a company.
The amount of people without work on the island has continued to decrease to 349, which is 22 less than there were in February 2019.
0.8% of people were recorded as unemployed in March 2019 compared to 0.9% in February 2019.
That is according to the latest Labour Market Report.
Figures show that the majority of people who are unemployed are men with 253 without work compared to 96 women.
'Catering and Entertainment' is the sector with the highest number of job vacancies available at 144, followed by 'Other Business Services' at 98.
The UK unemployment rate currently sits at 3.9% according to the Office of National Statistics.
Working remotely in the Isle of Man
In a world where you can work from anywhere, why not here? A vibrant business centre with high-quality technical infrastructure, set in a stunning UNESCO Biosphere, giving you space to thrive and an enviable work-life balance.
The Isle of Man is home to 95 miles of coastline, sandy beaches and secluded glens, meaning there is plenty of space to explore at the end of the working day. As employees are increasingly encouraged to work from home, employers are often willing to agree to remote working overseas.
The Isle of Man is situated in the centre of the British Isles, and with regular, reliable, and convenient air travel to major regional UK business hubs, you can maintain a physical presence in your workplace when required, whilst conducting your day-to-day work from the Isle of Man.
Meanwhile, with 99% 4G coverage and superfast fibre-optic broadband in 99% of premises by 2024, in the Isle of Man it is easy to stay connected with colleagues across the world. If working from home isn’t for you, we have a number of co-working spaces around the Island.
Before you decide to work remotely from the Isle of Man, there are a number of things to consider to help ensure your move is simple and straightforward. The two key routes for individuals looking to relocate and work remotely are for those who either perform the majority of their work in the Isle of Man, or those who perform the majority of their work from the UK or further afield.
If you perform the majority of your work in the Isle of Man
Where an individual takes up residence and commences full time employment in the Isle of Man, the Income Tax Division would prefer that their overseas employer register with them and operate an Isle of Man payroll. However, if this does not suit your organisation, employers who have concerns regarding the operation of an Isle of Man payroll should contact the Employers Admin team at the Income Tax Division who can provide guidance and assistance regarding alternative reporting arrangements with the employer and employee.
If you perform the majority of your work in the UK or further afield
If an Isle of Man resident working for a UK employer continues to perform a significant amount of work in the UK, it is likely that the UK employer will prefer to continue paying the employee via a UK payroll, deducting UK income tax and National Insurance via PAYE. In this case, as the worker, you will be required to declare all of your UK earnings in your Isle of Man income tax return, however double tax relief will be available in respect of the duties performed in the UK.
Remote workers engaged by overseas employers located in other jurisdictions should contact the Employers Admin team at the Income Tax Division for further guidance.
In all cases, as there will be tax implications in two or more jurisdictions, it is recommended that remote workers relocating to the Isle of Man should consider obtaining professional tax advice.
Locate Isle of Man
https://www.locate.im/relocating/tax-and-ni/working-remotely-in-the-isle-of-man
For more information on relocating to the Isle of Man
https://www.locate.im/relocating/visa-and-immigration
If you have any specific questions, please feel free to contact
Location of the Isle of Man (green) in Europe (dark grey)
Flag of Isle of Man
Official seal of Isle of Man
